每经头条（nbdtoutiao）——核心产品净值仅剩7毛钱，昔日"公募一哥"任泽松怎么了？牛市踏空真相曝 光 （记者 王晓波） 每经AI快讯，沪电股份（SZ 002463，收盘价：53.57元）8月21日晚间发布半年度业绩报告称，2025年 上半年营业收入约84.94亿元，同比增加56.59%；归属于上市公司股东的净利润约16.83亿元，同比增加 47.5%；基本每股收益0.8754元，同比增加46.73%。 截至发稿，沪电股份市值为1031亿元。 ...

截至发稿，沪电股份市值为1031亿元。 根据董事会及股东会的授权，截至目前公司存续的对外担保余额不超过人民币13.79亿元（外币担保已 按照2025年8月20日人民币汇率中间价折算为人民币，汇率数据来源于中国货币网），占公司最近一期 经审计净资产的比例不超过11.65%；公司及控股子公司无逾期对外担保，无涉及诉讼的对外担保及因 担保被判决败诉而应承担损失的情形。 2025年1至6月份，沪电股份的营业收入构成为：PCB占比95.98%，其他业务占比3.99%，房屋销售收入 占比0.03%。 每经AI快讯，沪电股份（SZ 002463，收盘价：53.57元）8月21日晚间发布公告称，公司于2025年8月20 日召开第八届董事会第七次会议审议通过《关于为控股子公司沪士电子（泰国）有限公司提供担保的议 案》，为满足沪士电子（泰国）有限公司（下称"沪士泰国"）经营需求，同意全资子公司沪士国际有限 公司（下称"沪士国际"）为沪士泰国向中国银行（泰国）股份有限公司申请授信额度提供连带责任担 保，担保金额为2500万美元，并授权管理层具体办理担保相关事宜并签署相关法律文件。上述授信额度 主要用于本票融资短期贷款、进口发票融资 ...

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 8.494 billion yuan, a year-on-year growth of 56.59%, and net profit attributable to shareholders at 1.683 billion yuan, up 47.5% [1] Financial Performance - Revenue for the first half of 2025 was 8.494 billion yuan, reflecting a year-on-year increase of 56.59% [1] - Net profit attributable to shareholders was 1.683 billion yuan, representing a growth of 47.5% compared to the previous year [1] - Operating cash flow net amount was 2.097 billion yuan, showing a substantial increase of 75.67% year-on-year [4] Growth Drivers - The surge in revenue was primarily driven by the explosive growth in demand for artificial intelligence and high-speed network infrastructure [1] - The enterprise communication market segment generated revenue of 65.32 billion yuan, a year-on-year increase of 70.63%, accounting for 76.9% of total revenue [1] - High-speed network switches and related PCB products were the fastest-growing segments, with a year-on-year growth of 161.46%, making up 53% of the enterprise communication market revenue [2] Profitability Challenges - Despite the revenue growth, the company's gross margin declined, with PCB business gross margin at 36.46%, down 1.49 percentage points year-on-year [3] - The decline in gross margin was attributed to increased stock incentive expenses and losses from the Thailand factory, which reported a loss of approximately 96 million yuan during the reporting period [3] Operational Risks - Inventory impairment losses increased significantly to 190 million yuan, up approximately 28.8% year-on-year, indicating inventory management pressures [4] - The provision for bad debts for accounts receivable was 823 million yuan, a substantial increase, raising concerns about customer credit risk [4] Strategic Initiatives - The company is undertaking a large-scale capacity expansion project with a total investment of approximately 4.3 billion yuan, aimed at meeting the long-term growth trend in AI computing power [5] - In terms of technology development, the company is advancing its 1.6T switch products into customer sampling and certification stages, and collaborating with leading companies to develop products based on a 224Gbps rate platform [5] - The automotive PCB business achieved revenue of 1.422 billion yuan, growing 24.18%, with emerging automotive products' share increasing from 37.68% to 49.34% [5]

Suspension - Feilu Co., Ltd. is planning a change in company control, leading to the suspension of its stock [1] Capital Increase and Mergers - Yunnan Copper Industry has submitted an application to acquire 40% of Liangshan Mining, which has been accepted by the Shenzhen Stock Exchange [2] - Zhenghe Industrial plans to raise no more than 818 million yuan through a private placement for agricultural machinery component expansion, garden tool chain saw system project, micro chain system software and hardware integration R&D, and to supplement working capital [2] - iFlytek intends to raise no more than 4 billion yuan through a private placement for the Spark Education large model and typical products, and to supplement working capital; a shareholder, Yanzhi Technology, plans to subscribe for no less than 250 million yuan and no more than 350 million yuan [2] External Investment and Daily Operations - Wantai Biological Pharmacy's nine-valent human papillomavirus vaccine has received its first batch release certificate [3] - Hanyu Pharmaceutical's acetic acid atoziban injection has obtained marketing approval in Vietnam [4] - Zai Jian Pharmaceutical has received clinical trial approval for injectable ZG005, injectable ZGGS18, and the combination with hydrochloride gikaixin tablets [5] - Changchun High-tech's subsidiary has had its clinical trial application for injectable GenSci143 accepted [6] - Jinbo Co., Ltd. has received a notification from a leading OEM, selecting the company as a designated supplier for developing and supplying carbon-ceramic brake disc products [6] - Greeenmei has signed a strategic cooperation agreement with Weilan Lithium Core to create a high-energy battery materials and solid-state battery innovation consortium [7] - Anyuan Coal Industry plans to change its stock name to "Jiang Tung Equipment" [8] Performance Changes - Qianfang Technology reported a net profit of 170 million yuan in the first half of the year, a year-on-year increase of 1287.12% [9] - Sainuo Medical's net profit in the first half of the year increased by 296.54% year-on-year [10] - Jin Qilin reported a net profit of 108 million yuan in the first half of the year, a year-on-year increase of 226.14% [11] - Qianzhao Optoelectronics reported a net profit of 69.23 million yuan in the first half of the year, a year-on-year increase of 88.04% [12] - Miaokelando reported a net profit of 133 million yuan in the first half of the year, a year-on-year increase of 86.27% [12] - Hudian Co., Ltd. reported a net profit of 1.683 billion yuan in the first half of the year, a year-on-year increase of 48% [12] - GoerTek reported a net profit of 1.417 billion yuan in the first half of the year, a year-on-year increase of 15.65% [12] - Yunnan Ge Industry reported a net profit of 22.15 million yuan in the first half of the year, returning to profitability [12]

Core Insights - The company reported a strong financial performance for the first half of 2025, with revenue reaching 8.494 billion yuan, a year-on-year increase of 56.59%, and a net profit attributable to shareholders of 1.683 billion yuan, up 47.5% [1] Financial Performance - Revenue of 8.494 billion yuan grew by 56.59% year-on-year, driven by the explosive demand in artificial intelligence and high-speed network infrastructure [1] - Net profit attributable to shareholders was 1.683 billion yuan, reflecting a 47.5% increase compared to the previous year [1] - Operating cash flow was robust, with a net amount of 2.097 billion yuan, representing a 75.67% year-on-year growth [4] Business Segments - The enterprise communication market segment generated revenue of 65.32 billion yuan, a 70.63% increase year-on-year, accounting for 76.9% of total revenue [1] - High-speed network switches and related PCB products were the fastest-growing segment, with a year-on-year growth of 161.46%, making up 53% of the enterprise communication market revenue [2] - AI servers and HPC-related PCB products grew by 25.34%, contributing approximately 23.13% to the enterprise communication market revenue [2] Profitability Challenges - The PCB business's gross margin was 36.46%, down 1.49 percentage points year-on-year, primarily due to increased stock incentive costs and losses from the Thailand factory [3] - The Thailand factory reported a loss of approximately 96 million yuan during the reporting period, attributed to high labor, depreciation, and utility costs [3] Operational Risks - Inventory impairment losses increased significantly to 190 million yuan, up about 28.8% year-on-year, indicating inventory management pressures [4] - The provision for bad debts on accounts receivable was 823 million yuan, a substantial increase, raising concerns about customer credit risk [4] Strategic Initiatives - The company is undertaking a large-scale capacity expansion project with a total investment of approximately 4.3 billion yuan, expected to start trial production in the second half of 2026 [6] - The company is also focusing on technological upgrades, with ongoing collaborations with leading companies to develop high-speed products [6] - The automotive PCB business achieved revenue of 1.422 billion yuan, growing by 24.18%, with an increasing share of emerging automotive products [6]

沪士电子股份有限公司 关于注销《公司 2024 年度股票期权激励计划》部分股票期权的公告 证券代码：002463 证券简称：沪电股份 公告编号：2025-048 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 沪士电子股份有限公司（下称"公司"）根据公司2024年第二次临时股东大 会的授权，于2025年8月20日分别召开第八届董事会第七次会议、第八届监事会 第五次会议，审议通过《关于注销<公司2024年度股票期权激励计划>部分股票 期权的议案》，现将有关事项公告如下： 一、已履行的决策程序和信息披露情况 1、2024年8月21日，公司召开了第七届董事会第三十一次会议，审议并通过 了《关于<公司2024年度股票期权激励计划（草案）>及其摘要的议案》《关于< 公司2024年度股票期权激励计划实施考核管理办法>的议案》及《关于提请股东 大会授权董事会办理公司2024年度股票期权激励计划有关事项的议案》。公司聘 请的律师事务所出具了相应的法律意见。 2、2024年8月21日，公司召开了第七届监事会第二十二次会议，审议并通过 了《关于<公司2024年度股票期权激励计划（ ...

国浩律师（南京）事务所 关 于 沪士电子股份有限公司 注销 2024 年度股票期权激励计划 部分股票期权之 法律意见书 南京市汉中门大街 309 号 B 座 5、7、8 层 邮编：210036 5、7、8th Floor, Block B, 309 Hanzhongmen Street, Nanjing 210036, China 电话/Tel: +86 25 8966 0900 传真/Fax: +86 25 8966 0966 网址/Website: http://www.grandall.com.cn 2025 年 8 月 | | | 国浩律师（南京）事务所 法律意见书 国浩律师（南京）事务所 关于沪士电子股份有限公司 注销2024年度股票期权激励计划部分股票期权之 法律意见书 致：沪士电子股份有限公司 国浩律师（南京）事务所接受沪士电子股份有限公司的委托，作为公司 2024 年度股票期权激励计划的专项法律顾问，本所律师审阅了公司拟定的《沪士电子 股份有限公司 2024 年度股票期权激励计划》以及本所律师认为需要审查的其他 文件，对相关的事实和资料进行了核查和验证。根据《中华人民共和国公司法》 《中华人民 ...

格隆汇8月21日｜沪电股份公告，2025年上半年营业收入84.94亿元，同比增长56.59%；净利润16.83亿 元，同比增长47.50%。公司2025年半年度，计划不派发现金红利，不送红股，不以公积金转增股本。 ...

沪士电子股份有限公司 (在中华人民共和国注册成立) 2025 年 1 月 1 日至 6 月 30 日止期间 财务报表(未经审计) 沪士电子股份有限公司 2025 年 1 月 1 日至 2025 年 6 月 30 日止期间财务报表 | 目录 | 页次 | | --- | --- | | 合并资产负债表和母公司资产负债表 | 1-2 | | 合并利润表和母公司利润表 | 3-4 | | 合并现金流量表和母公司现金流量表 | 5-6 | | 合并所有者权益变动表和母公司所有者权益变动表 | 7-10 | | 财务报表附注 | 11-108 | 沪士电子股份有限公司 2025 年 6 月 30 日合并资产负债表 （除特别注明外，金额单位均为人民币元） | 项目 | 附注 | 期末余额 | 上年年末余额 | | --- | --- | --- | --- | | 流动资产： | | | | | 货币资金 | 五、（一） | 2,740,923,285 | 1,542,702,624 | | 交易性金融资产 | 五、（二） | 20,150,889 | | | 应收票据 | 五、（三） | 25,619,894 | 30 ...

沪士电子股份有限公司 2025 年半年度 非经营性资金占用及其他关联资金往来情况汇总表 沪士电子股份有限公司 2025 年半年度 非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 | | | | | | | | 半年 2025 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资金占用方 | | 占用方与上市公司 | 上市公司核算 | 2025 | 年期初 | 度占用累计 | 2025 半年度 | 2025 | 半年度 | 2025 半年 | | | | | 非经营性资金占用 | 名称 | | 的关联关系 | 的会计科目 | | 占用资金余 | 发生金额 | 占用资金的 | | 偿还累计发 | 度期末占用 | | 占用形成原因 | 占用性质 | | | | | | | | 额 | （不含利 | 利息(如有) | | 生金额 | 资金余额 | | | | | | | | | | | | 息） | | | | | | | | | 控股 ...